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Revenue Recognition | 9 Months Ended
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Mar. 29, 2020
Revenue From Contract With Customer [Abstract] |
Revenue Recognition | 5. Revenue Recognition The following table presents disaggregated revenues for UNIFI:
|  | For the Three Months Ended |  |  | For the Nine Months Ended |
|  | March 29, 2020 |  |  | March 31, 2019 |  |  | March 29, 2020 |  |  | March 31, 2019 |
Third-party manufacturer |  | $ | 169,033 |  |  | $ | 177,977 |  |  | $ | 514,590 |  |  | $ | 522,636 |
Service |  |  | 1,961 |  |  |  | 2,012 |  |  |  | 5,864 |  |  |  | 6,675 |
Net sales |  | $ | 170,994 |  |  | $ | 179,989 |  |  | $ | 520,454 |  |  | $ | 529,311 |
Third-Party Manufacturer Third-party manufacturer revenue is primarily generated through sales to direct customers. Such sales represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. Each of UNIFI’s reportable segments derives revenue from sales to third-party manufacturers. Service Revenue Service revenue is primarily generated, as services are rendered, through fulfillment of toll manufacturing of textile products or transportation services governed by written agreements. Such toll manufacturing and transportation services represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. The Polyester Segment derives service revenue for toll manufacturing, and the All Other category derives service revenue for transportation services. Variable Consideration Volume-based incentives Volume-based incentives involve rebates or refunds of cash that are redeemable if the customer satisfies certain order volume thresholds during a defined time period. Under these incentive programs, UNIFI estimates the anticipated rebate to be paid and allocates a portion of the estimated cost of the rebate to each underlying sales transaction with the customer. Product claims UNIFI generally offers customers claims support or remuneration for defective products. UNIFI estimates the amount of its product sales that may be claimed as defective by its customers and records this estimate as a reduction of revenue in the period the related product revenue is recognized. For all variable consideration, where appropriate, UNIFI estimates the amount using the expected value method, which takes into consideration historical experience, current contractual requirements, specific known market events and forecasted customer buying and payment patterns. Overall, these reserves reflect UNIFI’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 + Details
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